Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 20, 2020


USDCAD spot rate: 1.3055 - 1.3060 (as at 7:55am PST)

Ranges:

Asia:

1.3055

to

1.3073

Europe:

1.3061

To

1.3074

North America:

1.3054

to

1.3069

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3044

1.3085

1.3130

Key Economic Data Releases:

- U.S. Martin Luther King Day

Event Calendar:

Date

Canada

U.S.A.

Jan. 21

Jan. 22

Jan. 23

Jan. 24

Manufacturing sales

CPI, Bank of Canada interest rate

Retail sales

Housing price index, existing home sales

Jobless claims, crude oil stocks change

Markit manufacturing / services PMI


Major currencies are continuing to trade in a rather subdued manner today and may yet carry on later in North American trading, as we observe a long weekend in the US. Liquidity conditions are expected to stay thin and with Wall Street not offering any direction for investors to latch onto, trading sentiment remains rather indecisive to start the week. The pound has been the notable mover so far in the European morning but it isn't too big a move as the currency stays pressured ahead of the BOE meeting next week. Meanwhile, European stocks are more mixed with some slight weakness but are keeping near flat levels overall. Currently, the TSX is up 0.14% and the DJIA is up 0.17%. EURCAD is down 0.10% trading between 1.4464 and 1.4502. GBPCAD is down 0.22% trading between 1.6939 and 1.6996. JPYCAD is down 0.50% trading between 0.01184 and 0.01186. Gold is up 0.26% trading between $1,556 and $1,562USD/oz. Silver is up 0.31% trading between $17.99 and $18.13. Oil (WTI crude) is up 0.13% trading between $58.64 and $59.66.

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